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If you hold one of three types of accounts with Wells Fargo, you may be entitled to a payment as part of a $3.7 billion settlement the bank made after a consumer protection watchdog found that Wells Fargo had broken federal consumer protection laws and used illegal practices when managing bank accounts, home loans
Eligible customers may request a check or a credit back to their account. Some customers have already received their payment. If you believe youre owed money and have not yet been contacted, you may call Wells Fargo at 844-484-5089, Monday through Friday, from 9 a.m. to 6 p.m. Eastern time.
Your mortgage company will also be listed on the check. Your bank wont cash the check without the signature of everyone involved. Youll need to endorse the check and send it to your mortgage company.
Can I use the insurance funds from a property damage claim to pay off my mortgage? Yes, if the claim amount exceeds the amount required to pay the mortgage in full.
As part of a $3.7 billion settlement, Wells Fargo has agreed to pay more than $2 billion directly to customers harmed by illegal activity, ranging from incorrect overdraft fees to wrongful foreclosures, ing to the CFPB.
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People also ask

Wells Fargo agreed to a $3.75 million settlement to resolve a class action lawsuit claiming it facilitated an Equitybuild Ponzi scheme that cost consumers millions. The settlement benefits individuals who invested in the Equitybuild scheme and lost money as a result of the investment.
For general questions about disaster recovery, call us at 1-888-818-9147 (Mortgage) or 1-866-355-1540 (Home Equity).
The Court granted Final Approval of the Settlement on August 31, 2022, and the Settlement is now final. Settlement distributions have been released to eligible class members.
However, if you are an eligible settlement class member with an uncashed payment, you may still claim your payment. To do so, you must send a written request, either via email to info@wfsettlement.com, or via U.S. Mail to: Wells Fargo Unauthorized Accounts Settlement, P.O. Box 2594, Faribault, MN 55021-9594.

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